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TradingView Plans | Free Or Paid, What’s Better?

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TradingView offers both free and paid plans for different types of traders. The free plan provides access to basic charting features, while paid plans such as Essential, Plus, and Premium provide access to more advanced tools such as multiple charts per tab, more indicators, and access to real-time data.

TradingView is one of the leading technical analysis and trading platforms used by millions of traders and investors worldwide. It offers a wide range of tools for charting, data analysis, and tracking market trends. Usage options include a free plan that provides basic features for beginners, and three paid subscriptions: Essential, Plus, and Premium. Each paid version expands the capabilities by adding more indicators, charts, and access to real-time data. In this article, we compare the features of both free and paid plans and help you choose the best option based on your trading goals and budget.

Comparison of free and paid functionality of TradingView

The free plan of TradingView provides basic tools for beginner traders. This is enough to gain skills in handling trading functions and get primary information about the state of the market. The free version also allows you to use the platform for technical analysis with some limitations, such as a delay in real data. The main advantage here is the lack of subscription costs, which makes this option ideal for traders who are just starting out or want to test the platform without investing money.

Paid subscriptions TradingView provide additional functionalities that may come as significant benefits for active and professional traders. They provide advanced analysis capabilities and accurate data.

For those planning to use paid plans, there is an opportunity to save money by paying for an annual subscription. All TradingView plans offer a 16% discount when you choose to pay annually instead of monthly. For example, the Essential plan costs $14.95 per month when paid monthly, but when paid annually, it costs $12.95 per month. A similar scheme applies to the Plus and Premium plans. Although an annual subscription requires an upfront payment, it allows for significant cost savings over the long term.

Comparison of Main Features (Free vs Paid)
FunctionFree Essential Plus Premium
Number of charts per layout1 chart2 chart4 chart8 chart
Number of indicators per chart3 indicators5 indicators10 indicators25 indicators
Price alerts5 alerts20 alerts100 alerts400 alerts
Bar replayLimited to daily, monthly, and yearly timeframesAvailable on all timeframesAvailable on all timeframesAvailable on all timeframes
Historical data (bars)5,000 bars10,000 bars10,000 bars20,000 bars
Custom time intervalsNoYesYesYes
Access to real-time dataDelayed dataOption to purchase real-time dataOption to purchase real-time dataOption to purchase real-time data

TradingView free plan overview

The TradingView free plan includes the following features:

  1. One chart per tab. Users can only monitor data for one asset at a time.

  2. Up to three indicators per chart. This is enough for basic technical analysis.

  3. The ability to set up to 5 alerts to monitor key price changes or indicator signals.

  4. Access to real data is limited by latency, which is fine for long-term investors, but may not be enough for active traders who need instant data updates.

Pros:

  • Good for beginners. The free plan provides all the necessary tools to get acquainted with the platform and master the basics of technical analysis. It is a great option for those taking their first steps in trading without spending money.

  • Free access to essential tools. Users can build charts, conduct analysis, and use indicators without having to purchase a subscription, which is especially useful for beginners and traders on a budget.

  • The ability to share charts publicly. TradingView’s social platform allows users to share their ideas and analysis with other traders, receive feedback, and participate in discussions.

TradingView's free plan is the most basic level of trading functionality. However, its limitations may prompt more experienced users to upgrade to paid subscriptions to gain access to tools and real-time data.

TradingView paid plans overview

TradingView plans comparison chart
FeaturesBasic EssentialPlus PremiumExpert Ultimate
Charts per tab12481016
Saved chart layouts1510UnlimitedUnlimitedUnlimited
Custom time intervalsNoYesYesYesYesYes
Second-based intervalsNoNoNoYesYesYes
Tick-based intervals (BETA)NoYesYesYesYesYes
Intraday renko, kagi, line break, point & figureNoYesYesYesYesYes
Custom range barsNoYesYesYesYesYes
Export chart dataNoYesYesYesYesYes
Simultaneous chart connections210205080200
Historical data for bar replayDay only42 days180 daysAllAllAll
Technical indicators per chart2510253050
Financial data per chart1 year4 years7 years10 years15 years25 years

Recommendations:

  • Basic. Suitable for beginners or occasional traders, as it has minimal features and limited analysis capabilities.

  • Essential. A good choice for users who need additional customization and advanced data access, but do not yet have professional requirements.

  • Plus. Ideal for active traders who need more indicators and saved chart layouts.

  • Premium. This plan is designed for professionals who actively work with multiple charts and indicators, and also require advanced data depth.

  • Expert and Ultimate. Suitable for experienced and institutional traders managing complex portfolios, due to the maximum number of charts, indicators, and simultaneous connections.

Pay attention to the cost of the plan, its functionality and real trading needs

Anastasiia Chabaniuk Author, Financial Expert at Traders Union

When choosing the right TradingView plan, consider the cost, features, and your actual trading needs. One of the key things to consider before choosing is how often you use real-time data. The free plan can be quite limited, especially if you work on shorter time frames. If you often need fast market data for instant decisions, then a paid plan with a real-time subscription is a smart investment.

Also consider how many screens and charts you need at once. If you use multiple screens to analyze different assets, then the Plus plan may be the best option, as it allows you to display up to four charts per tab. Professional traders who work with large amounts of data and various indicators may benefit from the Premium plan, which offers the maximum number of charts and indicators.

Personally, I recommend starting with a free 30-day trial on one of the paid plans. This will allow you to test all the features and see how necessary they are for your trading style. This approach also helps you avoid unnecessary costs if it turns out that some tools are not relevant for you.

Conclusion

The choice of a TradingView plan depends on the level of activity of the trader and his goals. The free plan offers basic functions and is suitable for beginners and long-term investors. However, active traders who need access to real-time data and a larger number of analytical tools will need a paid subscription. Each of these subscriptions expands the analytical capabilities and convenience of working with charts. Before making a choice, it is important to evaluate your needs in terms of indicators, number of charts and alerts. You can start with a trial period to test the features and understand which plan is most effective for your needs.

FAQs

Can I set up custom indicators on paid plans?

Yes, paid plans allow you to use custom indicators that you can create using the platform’s built-in scripting language. This is especially useful for advanced traders who develop unique strategies. You can combine multiple indicators, applying them to each other for more precise analysis.

How do I know if real-time data is worth paying for?

If your trading relies on short-term price movements (such as day trading), access to real-time data will be critical to making quick decisions. For long-term investors or traders using longer time frames, delayed data may be sufficient.

How do I choose the right chart type for my trading?

The choice of chart type depends on my trading style. Short-term traders may benefit from charts like Renko or Kagi, which filter out market noise. Long-term investors often use traditional candlestick charts to analyze trends on longer time frames.

Does the number of indicators used affect the platform performance?

When using a large number of indicators and charts at the same time, the platform performance may decrease, especially on less powerful devices. To avoid this, we recommend using only those indicators that are really needed for the current strategy.

Team that worked on the article

Andrey Mastykin
Author, Financial Expert at Traders Union

Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.

He firmly believes that passive investing is a more suitable strategy for most individuals. Andrey's conservative approach and focus on risk management resonate with many readers, making him a trusted source of financial information.

Also, Andrey is a member of the National Union of Journalists of Ukraine (membership card No. 4574, international certificate UKR4492).

Chinmay Soni
Developmental English Editor

Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.

As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.

Mirjan Hipolito
Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).

Glossary for novice traders
Investor

An investor is an individual, who invests money in an asset with the expectation that its value would appreciate in the future. The asset can be anything, including a bond, debenture, mutual fund, equity, gold, silver, exchange-traded funds (ETFs), and real-estate property.

Risk Management

Risk management is a risk management model that involves controlling potential losses while maximizing profits. The main risk management tools are stop loss, take profit, calculation of position volume taking into account leverage and pip value.

Cryptocurrency

Cryptocurrency is a type of digital or virtual currency that relies on cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies operate on decentralized networks, typically based on blockchain technology.

Diversification

Diversification is an investment strategy that involves spreading investments across different asset classes, industries, and geographic regions to reduce overall risk.

Day trading

Day trading involves buying and selling financial assets within the same trading day, with the goal of profiting from short-term price fluctuations, and positions are typically not held overnight.